A Sectorial Analysis Of Tax Revenue And Economic Growth In Nigeria

Abstract

This study examined the impact of tax revenue on economic growth in Nigeria, a sectorial analysis using time series data for the period of 1987 to 2022. The study specifically sought to; evaluate the effect of agricultural sector tax revenue on economic growth in Nigeria, ascertain the effect of manufacturing sector tax revenue on economic growth in Nigeria, determine the effect of services sector tax revenue on economic growth in Nigeria, and examined the effect of oil sector tax revenue on economic growth in Nigeria. The study utilized Autoregressive Distributed Lag (ARDL) as its estimation technique. It was revealed that Agricultural sector, manufacturing sector, services sector and oil sector led to increases in economic growth in Nigeria economy within the period under review. The study recommended that the government should increases mobilization of tax revenue across the sectors and subsidize agricultural inputs towards achieving the desired economic growth in the Nigeria Economy.